Nikkei Ends 2.6% Up On Yen Fall, Possible Corp Tax Cut

TOKYO (NQN)--Tokyo stocks rebounded Tuesday, with the Nikkei Stock Average surging 347.57 points, or 2.57%, to end the day at 13,867, the day's high.

The dollar rose to the mid-97 yen range, prompting buying of blue-chip exporters, including Toyota Motor Corp. (7203). The benchmark index gradually widened its gains following a report that Prime Minister Shinzo Abe instructed ministries and agencies to discuss ways to cut corporate taxes. The Nikkei average climbed further toward the close, with stock purchases increasing in line with improving sentiment.

Trading value on the first section of the Tokyo Stock Exchange totaled about 1.63 trillion yen on a preliminary basis, up from Monday's year-low.

• 
• 
•